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Oct 23, 2012
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most people would argue the market would prefer romney win. that notion doesn't seem to be helping any. maybe it is keeping us from falling further. who knows? >> maybe. i think it's becoming politically immune down here, believe it or not. just every little saying and stuff turns this market so much, so drastically because there's no volume and stuff like that. i'm not going to look into anything. we've got 15 gdays for all of that to sort out. >> it's going to be a long couple of weeks. names that have done well. largely u.s.-centric. even though they might be luxury names, consumer discretionary names. if your revenue comes from home, you tend to be doing better for whom it comes from europe or china. >> we talked about that before. caterpillar was one with a lot of european exposure. they suffered greatly. u.p.s. was another one, they were down on their european exposure. yahoo is one i look at today. great company. they've got a turnaround story. the stock's performing nicely, up 90 cents last night. >> also hard to separate the weakness
most people would argue the market would prefer romney win. that notion doesn't seem to be helping any. maybe it is keeping us from falling further. who knows? >> maybe. i think it's becoming politically immune down here, believe it or not. just every little saying and stuff turns this market so much, so drastically because there's no volume and stuff like that. i'm not going to look into anything. we've got 15 gdays for all of that to sort out. >> it's going to be a long couple of...
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Oct 24, 2012
10/12
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what will happen to fed policy and rates in the event of a romney presidential victory. the market is taking more seriously his vow to replace ben bernanke and criticism of fed policy including a monetary cliff. fund manager writing today the election may impact everything from mortgage costs to the costs of financing the u.s. debt. trillions are at stake as well as fate of the u.s. dollar. columbia business school glenn hubbard is a favorite to lead. he says hubbard will lead toward mopping up liquidity sooner. but a report that came out yesterday any new fed chairman after january 2014 in a romney presidency is likely to be more hawkish than under an obama presidency. changes will be gradual as a new chair needs the support of the open federal community. they will pull forward higher short-term rates in a leadup to an announcement in the summer of 2013 of bernanke's replacement under a romney presidency. there will be little effect on the long end. in other words, curve flattening but also a question of whether romney would push for tighter policy even before the chair
what will happen to fed policy and rates in the event of a romney presidential victory. the market is taking more seriously his vow to replace ben bernanke and criticism of fed policy including a monetary cliff. fund manager writing today the election may impact everything from mortgage costs to the costs of financing the u.s. debt. trillions are at stake as well as fate of the u.s. dollar. columbia business school glenn hubbard is a favorite to lead. he says hubbard will lead toward mopping up...
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Oct 25, 2012
10/12
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there's not going to be a romney fed confrontation. nada. not going to happen. don't even think about it. anyway, the romney people would not be unhappy with a zero interest rate for their first year, right, so they could help get the economy jump started maybe with some better tax and regulation policy. anyway, they couldn't move bernanke because he's stubborn. and, anyway, the federal reserve board is stacked with easy money obama appointees. so it would be like knocking up against -- it's not romney's style. he's just not going to do that. on the other hand, i think warsh is right. the fed is still worried about the economy. look at the numbers this morning on capital goods and durable goods. take out defense and take out aircraft. these were lousy numbers. businesses not investing. there's no capital goods activity. >> we had a bunch of ceos ring the bell today from fix the debt. >> yes. >> proposing what judd gregg today called a simpson/bowles plus type template. does that impress you? is that going to get us anywhere? >> depends what it is. i'm a tax refo
there's not going to be a romney fed confrontation. nada. not going to happen. don't even think about it. anyway, the romney people would not be unhappy with a zero interest rate for their first year, right, so they could help get the economy jump started maybe with some better tax and regulation policy. anyway, they couldn't move bernanke because he's stubborn. and, anyway, the federal reserve board is stacked with easy money obama appointees. so it would be like knocking up against -- it's...
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Oct 26, 2012
10/12
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. >> romney supporters may not question the validity of the data but they'll say that 2% is not strong enough to support job growth in this economy. while the numbers are not bad, they're not bad, they're not good and they're not good enough for job creation. >> last night on "mad money" you said almost no company gets through the ridiculous gauntlet of the third quarter unscathed and you have said the next 11 days before election day are going to be tough no matter what. >> they're torture. i keep coming back to a couple -- this is the best example. we had broadcom on the other day. scott mcgregor, the ceo. they blew in numbers when it comes to wireless. they did good cable numbers. we had comcast with good numbers. they exceeded every single metric. they have tremendous apple business. i was joking about going 33 bid because stock was at 34 at a time. the stock has not had a minute's rest. it keeps going down. what more does the market want? the gauntlet is to high. it had technology. it had a sense that the peak was reached with apple. in other words, sell broadcom. that stock would
. >> romney supporters may not question the validity of the data but they'll say that 2% is not strong enough to support job growth in this economy. while the numbers are not bad, they're not bad, they're not good and they're not good enough for job creation. >> last night on "mad money" you said almost no company gets through the ridiculous gauntlet of the third quarter unscathed and you have said the next 11 days before election day are going to be tough no matter what....